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was was . the bar i had to describe chicago's food market for theater play up was was i thought it would be easy to get the in a serious information by asking a few special a stockbroker first. was was was right. but it wasn't like that up none of the people i asked were

able to explain the norms that rule the stock market. was was was. i began to believe it was something that couldn't be explained or conceived by the human mind therefore it was something absurd the way in which the global grain production was being allocated was simply in comprehensible situation unbearable to everyone save a bunch of profiteers it was us. this is by answer this way this is self answer this way. this is a sample of the pipe trying to your bidding a quarter of a cent this would be off. was

. mr victor lespinasse as a player on the chicago grain markets. the chicago gray market is different from other stock markets as we know them up here it is for. that is bought and sold wheat corn rice soya all of oil and milk animal and fails and even pigs stomachs fail with us might be at the desk and you flush an order into the pit you tell your broker hop by. two hundred at the market. we'll buy the two hundred and then we'll flash you back you know what two hundred and say. seven and a half. are you could you could tell him cancel the order for us was

was was were the chicago grain market is the biggest in the world and it sessions largely to find the prices of the food he put on the table every day who was it was created in eight hundred forty eight as an open and loud auction where the area's farmers would sell their crops to merchants. this practice hasn't changed much since then but the economy's ethics definitely have. us with us i was.

i. guess everything has. this is the sound we've gained respect like this please. as social unrest on christensen's scale. it's what i call silent tsunami. hitting and. this is something that knows no borders. the routine meeting of the heads of u.n. agencies. as the world counts the cost of not so.

much. time. since have come to rely on each additional patients for hunger pains. me. they can see substantial tax hopes and vegetables trying to become. sensitive.

to light. thousands of missing children arrested lights i'm losing sleep sleep. it was on rest they took some beats him severely breaking broke his legs my son called war course speaking now my son is drawing. global warming and biofuels have been accused of causing the food shortages that led to a dramatic increase in prices. unpredictable

drought some astroid rice and wheat crops while a big part of the u.s. corn harvest is turned into fuel for cars i'm not for people. they classified theory of supply and demand offers a limited explanation as to why over the course of two years the prices of rice have gone up by two hundred seventeen percent of weeks by one hundred thirty six percent of corn by one hundred twenty five percent and of soya by one hundred seven percent there are sort of theoretical ways ascribed me to say it's greed and there's practical ways ascribing to say this capitalism. is certainly a food system which is has always been somewhat corrupt and is now at this point perhaps more in crisis and more corrupt than it's ever been before here in history . in wealthy countries an increase in food prices means more expensive products in the supermarket however in poorer nations it means hunger and death as most people

cannot afford them. i don't know that's. my thinking and i don't know i don't think about that i just i'm trying to figure out what the market's going to do. whether it was logical or not to me is beside the point. because what counts to me is what is the market's reaction going to be because i'm a speculator i'm trying to make money off the the movement in the price of grain. prices maybe may have become a little. may have become too extended but the market acts really quite rationally

it just takes some time for that rationality to come to fruition and to correct. until the market was corrected another seventy five million people were added to the list of the planet starved raising the total number to nine hundred twenty three million. and this happens at a moments when there is more production than ever in the last decade and there is still enough food to properly feed all the inhabitants of this planet earth people have argued that it's because of increased demand for for meat and dairy products and that's simply not true or superficially a negligible consideration. it is because of speculation because it's a commodity that serve food as a commodity like light silver or gold they can be negotiated and hoarded to some degree and we're seeing that taking place the high ranks of thought is because food has been put on the global scene and this will eat that's not snobbish and that's

a problem and we have to bring food out of the international trading system we have to bring food back into national and local for itself and it's. while yet. but. let's. see. it's.

india is the world's second biggest rice producer following china it is also third in terms of wheat production. so it would be expected to find low hunger amount nourishment indicators in india. yet there are more people starving in this country than anywhere else over two hundred million hands to complete the paradox they are mostly farmers. as well growing up. because of them grain is being sold to the chemicals and seeds this negative as i call it is the reason for the world today.

this is. the magic pradesh state has the highest levels of child malnutrition and therefore the country's highest infant death rate. the situation is as as critical. africa's ethiopia. but the six per cent of the children they had one that is to india this is been reported by the national family has been in multiple of these sixty percent and you can convert them into a number at about six minutes to. one hundred people. so these children have more probability of dying from normandy and fifty percent of

the under five more is the month. when the crisis has done but we want to be but i really it is also has deep roots and because it got it back on the internals for consumption by each family member. dr van den i go well works for unicef. the organization has set up feeding centers in cities and villages in collaboration with the government. and you cannot make out if. there are voluntary workers monitoring the children's weight and health thank you. think often.

they are in charge of feeding them and their families are too poor to do so no. no this is. a mother city she looks and feels good in mourning she lifted it up till now she battled seven. then we will need to complete it she just had to but this is morning. it is the baby in that it could quickly deal for. nineteen months or be. it if the quality of tears given in inspire fear and hide its mission be it is actually. had we not grant isn't very vigilant but his hundred and. that indicates that this state is in

c. via the acute market east and she needs to show here for a picnic that you are under the complete. heat. believe me you are living in the. me of you. i don't party is how can we get tries before five queues of wheat cost three four rupees now they cost people to sixty rupees how can people buy it. if there is only one person working in the family how he can only get so much so what can the people do ask for a loan should they buy vegetables should they buy wheat we also need money for doctors don't we need money to go to the mill you did nothing with five kilos of wheat what can

a man by with just one salary. states. that poor people have a big problem well very worried you can see now people have one two children and they can't even take care of them the children are always hungry the situation is dramatic. what can the poor do spend money on doctors feed their children well very war it. looked. like that. i bet mom made a model of a good sixty rubles about one euro a day. bigger than i spend forty to forty five rupees a day. about it.

in the market the prices are very high. a kilo of oil costs eighty rupees a month it is very hard for us to buy it of a field five kilos of wheat or sixty rupees. prices have gone up a lot since last year. if there is one person working and we eat twice a day there is nothing left. for lame olive garden we can eat less and have a bit of it but the children can be left without food on the road with regard to head. stitched shoes things other than accounting a little bit of the. wow that. was.

the residents depend on the state for food. in every town and village little state shops have been set up selling food at very low prices. google know a little bit with ninety rupees made by thirty five kilos of food and we get along with that we go to the shop with our family coupon and they give us the equivalent amount. that. this is the biggest a provision programme in the world. we're made to the court to prove my soul be her mother be borken look for few million pounds of even race power and work on all classes sixty million pounds of food crudes with meats the whole go pers are going to be the biggest for greens grading company in the.

in one thousand nine hundred seven india was forced to adapt its national provision system to the commands of the world bank and the world trade organization. writing cheap food to the people was against competition and the free market. as a result the aid was greatly reduced we heading in advance of food distribution system the p.d.s. the world bank forced us to dismantle it as long as the system was in place the farmers had a guarantee. everyone had to get rid of all of the food piece of paper ration card because india's identity got with that russian pod you could walk to your corner shop and get one to kills. the world bank dismantle that so that the corporations that that's why most people are hundred to be fifteen

years old that is like seventy percent of india's children are malnourished but india has a group like this and. at the same time the world trade organization convinced india into canceling the limitations imposed on imports. so imported products flooded the market causing considerable damage to india's farming economy. before we were going to a producing ninety seven percent of the police. in boarding only people sent but now we are importing forty seven percent said yes of the fellow well most say. when food prices rocketed india like other countries limited to its exports in order to feed its own people i will foster responsibly because for our own people so given places within the country going to war we will do all the missions going for their disability appraises begin to think so we very picky put

a ban on. that export off base for some time so that the prices go sky. this provoked the wrath of the world trade organization which accused the country of causing a lot of damage to the free market and i thought it was an utterly illogical decision was a very bad decision in a world where free trade is is always trying to grow and the world is smaller and trade is becoming freer i think that the process that india adopted was really. quite illogical. mr lespinasse gambles with foods by styles of tonnes of rice and wheat in the future in other words he buys crops that don't get exist you're not trading the

actual cash physical grain you're trading promises for the grain to be delivered a month or six months or twelve months or eighteen months in the future so you might be trading grain that actually exists but you might just as well more often be trading grain that doesn't even exist yet so you're trading promises and you're trading back and forth and if you make a promise to buy a certain price at a certain time you can tassel that by selling that same contract back into the market and that's what happens with most contracts they're never actually delivered upon or traded back and forth and they cancel each other out.

he. says. wealthy british scientists sign some time to explain. market why not. find out what's really happening to the global economy with months cause or for a no holds barred look at the global financial headlines two kinds a report on our keep.

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